SENEGAL:
FRAUD ON BANK CARDS: "A group of six young people, all sons of very famous personalities, domiciled between Nord Foire and Grand Dakar and in tune with e-commerce, were arrested in the 8th of March last and deferred last week According to sources close to the survey, these young people managed to draw tens of millions to bank customers, a new phenomenon in relation to bank cards and The process consists of photographing or recording the last four digits of the credit cards they send to their associates in Senegal or abroad, who manage to make purchases on a number of websites. Once the product is delivered to the fraudulent buyers, the band of friends sells the product at low price. Many Senegalese, according to our sources, have been the victim of this fraudulent practice before the police dismantle the network.... "
After Tigo, Kabirou Mbodje bought a bank in Togo: "After buying the telephony operator Tigo, the Wari Group of the contractor Kabirou Mbodje, has just bought the InterAfricaine de banque (Siab), formerly Baltex, of Togolese law with Libyan capital, installed in Togo since 1975. This banking establishment based in Lomé is a subsidiary of the Libyan Foreign Bank holding company, majority and strategic shareholder of Bcn and Bcb Banks (Commercial Bank of Niger and Commercial Bank of Burkina). According to "Confidential Africa" which gives the information, the buy-back operation was conclusive after several months of negotiations conducted smoothly on the Dakar-Lome-Dubai axis. The cost of the transaction was not disclosed. However, this acquisition is subject to the discharge of the authorities of the Banking Commission of Abidjan. According to "Confidential Africa", contractor Kabirou Mbodje intends to take advantage of the synergy around the Wari platform (financial services, telephony and corporate banking and retail now) to increase its ambitious business plan both centered in Senegal and in continent...."
MALI:
Scandal in the management of mines in Mali: Actual shareholders of the mining industries and quantities of minerals exported, unknown: "Understanding the scandalous management at the top of the Malian Republic is a sinecure. Of two things, either our leaders are accomplices of the decayed management, especially the mining industries, or are not up to the task, starting with IBK, the snoring academic degrees they claim to justify their ability to lead. From one scandalous report to another, it is the observation that emerges. There are excerpts from a report by the IMF, the International Monetary Fund, which, speaking of Mali, made it clear that "the functions of managing the public debt are scattered among several entities that do not systematically share information". As a result, it continued, "the authorities do not have an overall overview of the public debt and an assessment of the associated risks". This statement was put forward in a report in which the IMF sounded the fact that Mali was sinking into suicidal debt because of its economic choices and opacity in its management of public goods. Better still, the same report denounced "... the delays in the structural reforms of the main public companies operating in the fields of energy, telecommunications and mining". In its recommendation, the Monetary Authority asked that "the key sectors in which the most significant presence and intervention of the State, the mining, telecommunications and energy sectors, are Greater competition from the private sector ". If the IMF makes this recommendation, it is because it knows that beyond the masks to make believe that they are private operators that manage the mines, the sector is actually owned by the Malian State .... . "
IVORY COAST:
On Thursday, the 16th of March, 2017, the Moroccan group Banque Centrale Populaire, BCP, signed a financing agreement with the State of Ivory Coast totaling 66.7 billion Million CFA). This agreement signed by Mr. Karim Mounir, the Managing Director in charge of Corporate and Investment Banking of the BCP and Adama Coulibaly, Chief of Staff of the Ivorian Minister of Economy and Finance, deals with the setting up of a Program to finance the road network in Ivory Coast. According to a statement sent to the APA, this new financing of the Moroccan bank is intended for the modernization of road infrastructure, in particular the reinforcement of the Gagnoa-Yabayo (79 km) and Agboville-Thomasset (45 km) axes. Last February, the BCP entrusted its Ivorian subsidiaries, Atlantique Finance and Banque Atlantique, with the task of mobilizing 108.4 billion CFA (175 million Dollar). This amount was to finance the road asphalting project on the Kokonou-Apprompronou axis and reinforcement of the Yamoussoukro-Bouaflé-Daloa axis. "We do not intend to stop at this level in the case of Ivory Coast specifically. Other major projects in the field of road infrastructure, lagoon transport are in prospect, "said PCO CEO Mohamed Benchaâboun. ... "
CAMEROON:
Central Africa: economic growth of a 1.6% expected in 2017 (BEAC): "The real economic growth of the Central African Economic and Monetary Community is expected to be a 1.6% in 2017 against a 0.2% a year earlier, according to the Monetary Policy Committee, the Bank of States of the subregion (BEAC). At the end of its first session of the year, held Wednesday in the Cameroonian capital, Yaounde, this instance put this recovery on the account of the rise in oil prices as well than the implementation of the reforms included in the program of economic and financial reforms. The MPC also points to an improvement in the management of public finances, with a reduction in the budget deficit based on commitments, excluding grants to a 3.2% of Gross Domestic Product (GDP), a Net current account deficit, public transfers Including 8.2% of GDP and a rise in the external coverage rate of the currency to a 64.8%. The Committee expects inflation to be a 2.6% below the Community threshold (a 3%), compared with a 1.1% in 2016 and a 2.5% in 2015. It confirms the prospects for a weakening of economic activities in 2017, The persistence of the effects of the fall in world crude oil prices combined with the economic costs of maintaining peace and security in the subregion. After deciding to increase the interest rate of the tenders by 50 basis points to a 2.95%, the CPM has on the contrary maintained the interest rates on the investments of the banks, the coefficients Reserves and the enumeration rate of such reserves. For the governor of the BEAC, Abbas Mahamat Tolli, these measures should boost economic activity in the subregion ... "
Malawi:
New Finance Bank and Opportunity Bank merge; "New Finance Bank and Opportunity Bank, two of Malawi's smallest banks, announced in the 17th of March that they would merge to meet the new capital requirements of the Central Bank. "The Reserve Bank of Malawi, RBM, has already approved the merger that will take effect in six weeks," the two banks said in a joint statement. Opportunity Bank is a subsidiary of the microfinance institution, Opportunity International. New Finance Bank, for its part, has the Zambian bank Finance Bank Zambia among its shareholders. The merger reduced the number of licensed banks in Malawi to nine, including National Bank of Malawi and Standard Bank, a subsidiary of the largest African bank in terms of assets. In Malawi, the banking market is marked by stiff competition between banks and telecom operators offering mobile banking services in a country with a banking rate below a 20%. ... "
Crédit : IMPERIUM MEDIA
